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EV Nickel Announces Completion of NI 43-101 Technical Report for Previously Announced Updated Resource Estimate on the High-Grade W4 Deposit
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Measured + Ind...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Announces Completion of NI 43-101 Technical Report for Previously Announced Updated Resource Estimate on the High-Grade W4 DepositNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESMeasured + Indicated Resources of 31.3M pounds at 0.98% Ni (2.1x the 2010 historical estimate).Inferred Resources of 12.1M pounds at 0.98% Ni (3.6x the 2010 historical estimate).72% of the W4 Deposit Mineral Resource Estimate Ni lbs are in the Measured and Indicated categories.Significant resource expansion potential exists at the W4 Deposit as it is open at depth and along plunge.TORONTO, ON / ACCESSWIRE / July 26, 2023 / EV NICKEL INC. (TSXV:EVNI) (\"EVNi\" or the \"Company\") today announced the completion of a National Instrument 43-101 technical report (\"Technical Report\") supporting the updated mineral resource estimate (\"MRE\") for the W4 Nickel Deposit (\"W4 Deposit\"), a High-Grade nickel deposit in the southeast of its Shaw Dome Project (Figure 1). The Technical Report was prepared in accordance with Canadian Securities Administrators' NI 43-101 Standards of Disclosure for Mineral Projects and Form 43-101F1 (together \"NI 43-101\") and is now available on the Company's website (evnickel.com) for review and will soon be posted to SEDAR (sedar.com), once today's SEDAR+ rollout is completed.\"The completion of this Updated Mineral Resource for our High-Grade W4 Deposit is another major milestone for EV Nickel,\" said Sean Samson, President & CEO. \"More than doubling W4's total Measured, Indicated, and Inferred resources to over 43M pounds of nickel sets up our two-track strategy of defining near surface, High-Grade nickel resources and combining them with the Large-Scale projects in the Shaw Dome.\"\"The W4 Nickel Deposit is an excellent example of the High-Grade nickel potential of the Shaw Dome Project,\" said Paul Davis, Vice President Exploration. \"The Shaw Dome has many analogies with the Kambalda District of Western Australia including the host rocks, sulphur sources and the clustering of High-Grade nickel deposits along defined stratigraphic horizons. The Shaw Dome has to be considered one of the top prospects in the world to host additional High-Grade nickel as demonstrated by the current and historical exploration success. I am confident with additional exploration, that more High-Grade nicke...